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Youdao down 2.4% after pricing of equity offering

Feb. 11, 2021 8:55 AM ETYoudao, Inc. (DAO) StockDAOBy: Gaurav Batavia, SA News Editor
  • Youdao (NYSE:DAO) -2.4% prices public offering of 7M ADS at $34.00.
  • Underwriters will have an 11-day option to purchase up to an aggregate of 1,050,000 additional ADSs.
  • Closing date is February 16.
  • Net proceeds from the offering will ne used to further

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